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Breaking News Today – Tuesday 6 January 2026
Business News Today South African Rand at 40-Month High The South African rand extended its rally to below 16.4 per USD, the currency's strongest level since 8 August 2022. The emerging market currency has benefited from a surge in gold and platinum prices after the US military action in Venezuela escalated geopolitical tensions. Traders also
South Africa's Energy Paradox: Surplus Power in a Stagnating Economy
As South Africa enters 2026, a striking irony defines its economic landscape at this point. The country enjoys an unprecedented electricity surplus, with Eskom reporting over 230 consecutive days without load-shedding and significant unplanned outages reduced. Private investments in rooftop solar is estimated at 7.3 GW by late 2025, have bolstered this stability, allowing older
African Startups Prioritising Stability Over Speed
For much of the past decade, the dominant startup narrative in Africa mirrored Silicon Valley logic: raise fast, grow fast, scale fast. Expansion into multiple markets, aggressive customer acquisition and headline funding rounds became markers of success. Today, that playbook has quietly changed across the continent. Startups are slowing down on purpose, choosing stability, cash
2026: A Year of Disruptions and Africa's Pivot Toward Self-Defined Opportunities
As we enter 2026, the global business landscape is set for intensified disruptions, building on the turbulence of 2025. Trade wars, economic slowdowns in major powers, and geopolitical maneuvering have created a volatile environment where supply chains fracture and alliances shift rapidly. The Trump administration's aggressive tariff regime, pushing average U.S. tariff rates toward 17%,
Fuhai Energy Enters Equatorial Guinea’s EG-08 Offshore Block
China’s Fuhai Energy has taken a stake in the Barracuda gas project offshore Equatorial Guinea through a farm-out agreement on the EG-08 block, according to partner Europa Oil & Gas. The move brings Fuhai into the licence alongside operator Antler Global, which continues to lead the project. Deal Structure, Partners and Funding Under the agreement,
OADC Clears Regulatory Hurdle for Expansion
Open Access Data Centres (OADC) plans to expand its footprint in South Africa after receiving regulatory clearance from the South Africa Competition Commission last week. Part of the WIOCC Group, the company is stepping up investment in a market valued at about $580 million, according to Mordor Intelligence. Acquisition of NTT Data Facilities The transaction
Breaking News Today – Monday 5 January 2026
Business News Today – Welcome to 2026 As we start a new year of news coverage off today, we wish all of our readers a prosperous and happy new year. The major international events unfolding as this new-year starts, may well be indicative of the disruptive year that is likely to lie ahead. Whatever the
THE MINING WRAP
Zijin Mining has outlined plans for aggressive global acquisitions as it sharpens its focus on gold and copper assets across multiple jurisdictions. the strategy is a deliberate push to secure long-life resources while also diversifying geopolitical exposure. At the same time, the miner is targeting substantial growth in lithium production in 2026, thereby reinforcing its
DStv Secures Channels Following Canal+ Warner Bros. Discovery Agreement
DStv’s parent, Groupe Canal+, has secured a last-minute deal with Warner Bros. Discovery, ending weeks of uncertainty and ensuring that 12 channels remain on the DStv line-up. Agreement Covers Africa and Parts of Europe Canal+ confirmed on Wednesday that the deal spans South Africa, the wider African market and several European territories where it operates.
Kinshasa Signs Electric Transport Agreement with Vingroup
The municipal authorities of Kinshasa have entered into a memorandum of understanding with Vietnam’s Vingroup and local partner Exposure SARL to introduce electric vehicles into the city’s transport system. Under the agreement, vehicles will be supplied by VinFast, Vingroup’s automotive subsidiary, alongside the rollout of charging infrastructure and the establishment of maintenance and repair facilities
Eskom's Ferro-chrome Tariff Deal: Symptom of a Deeper Energy Crisis in South Africa's Metals Sector
As 2025 draws to a close, Eskom's negotiations for reduced electricity tariffs with the ferro-chrome industry highlight the precarious state of South Africa's energy-intensive manufacturing. In December 2025, Eskom signed a Memorandum of Understanding (MoU) with major producers like Samancor Chrome and Glencore-Merafe Chrome Venture, offering interim relief: tariffs dropping from current levels to around
Breaking News Today – Wednesday 31 December 2025
Business News Today Space Factory a Reality Space Forge the Aerospace tech group, focussed on next generation semi-conductor production, have successfully sent a microwave-sized factory into space, and demonstrated that its furnace can be switched on and reach temperatures of around 1,000C. The company's plan is to manufacture semiconductors using space-derived crystal seeds to grow
What Modern SME Finance Got Wrong in 2025
As 2025 winds down, a familiar pattern keeps showing up. SMEs keep trading, finding demand and holding things together, while their financing continues to work against them a reality finance institutions and organisations should not ignore. Credit is available, but it hardly fits the way these businesses actually run, and what looks workable on paper
Axis Minerals Files $28.9bn Arbitration Claim Against Guinea
Guinea’s sweeping crackdown on mining permits has moved straight into the courts, with Emirati backed Axis Minerals filing a $28.9 billion arbitration claim against the state. Axis, founded by Indian businessman Pankaj Oswal, said on December 29 that it had taken the dispute to the International Centre for Settlement of Investment Disputes after negotiations with
Africa's Business Triumphs in 2025: Resilience and Growth Despite Challenges
As 2025 draws to a close, Africa's economic story stands out as one of remarkable resilience and above-average growth in a turbulent global landscape. The continent achieved real GDP growth of around 4.0-4.2%, surpassing the global average and outperforming most regions except emerging Asia. This performance, highlighted in reports from the African Development Bank and
Breaking News Today – Tuesday 30 December 2025
Business News Today SA bonds Strengthen Further South Africa’s 10-year government bond yield eased to near 8.30%, the lowest level since January 2020, amid subdued holiday trading in global markets and ongoing strong foreign inflows into the domestic economy. South African assets have performed well this year as firmer economic fundamentals and still-attractive yields have
Business School – New Year – New Approach or Sensible Building?
Classic New Year's Resolution Failures: Ancient Blunders, Modern Flops, and a Smarter Path for Business Leaders in 2026 As the clock strikes midnight on December 31, millions worldwide will raise a glass and solemnly vow to transform their lives. "This year will be different," we declare. We'll hit the gym daily, eat only kale, save
Breaking News Today – Monday 29 December 2025
Business News Today Aspen Sells-off Asia Assets South African pharmaceutical giant Aspen Pharmacare, through its subsidiary Aspen Global Incorporated, have agreed to divest its Asia-Pacific (APAC) operations (excluding China) to Australian private equity firm BGH Capital for an unadjusted A$2.37 billion (approximately US$1.59 billion or ZAR 26.5 billion) on a cash- and debt-free basis. The
THE MINING WRAP
Metso secures Tonkolili processing order Metso will deliver a full suite of mineral processing equipment to Leone Rock Metal Group’s Tonkolili iron-ore operation in Sierra Leone. The package includes crushers, vertical mills and a high-rate thickener to support higher throughput and more stable processing. Supplied under Metso’s “Plus” portfolio, the equipment is designed to lower
Netflix Enters AFCON Coverage With New Football Show
Netflix has expanded its African content slate by launching its first daily highlights programme focused on the Africa Cup of Nations (Afcon), taking a cautious step into sports related programming on the continent. The initiative excludes live match coverage but points to a bigger shift in Netflix’s content strategy. Sport now features more prominently where